12/12/2013 8:20:00 AM
NEWS BRIEFS
Grainger Reports Volume Growth, Soft Prices
Grainger reported daily sales for November increased 5% versus November 2012. Results for the month included 4 percentage points from acquisitions and a 2 percentage points decline from unfavorable foreign exchange.
Organic daily sales increased 3%, driven by 6 percentage points of volume growth, partially offset by 2 percentage points decline from sales of hurricane-related products in November 2012 and 1 percentage point decline from price.
Sales in the U.S. rose 7% during November, while sales in Canada declined 2% and sales in Asia, Europe and Latin America increased 5%. 2013 GlobalFastenerNews.com
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